• FTC Charges Broadcom with Illegal Monopolization and Orders the Semicon

    From Moderator@21:1/5 to All on Sun Jul 18 05:14:56 2021
    The Federal Trade Commission has issued a complaint charging Broadcom
    with illegally monopolizing markets for semiconductor components used
    to deliver television and broadband internet services through
    exclusive dealing and related conduct. The Commission has also issued
    a proposed consent order that would settle the Commission's
    charges. Under the consent order, Broadcom must stop requiring its
    customers to source components from Broadcom on an exclusive or near
    exclusive basis.

    "Today's complaint reflects the Commission's commitment to enforcing
    the antitrust laws against monopolists, including in high-technology industries," said FTC Bureau of Competition Acting Director Holly
    Vedova. "America has a monopoly problem. Today's action is a step
    toward addressing that problem by pushing back against strong-arm
    tactics by a monopolist in important markets for key broadband
    components. There is much more work to be done and we need the tools
    and resources to do it. But I have full confidence in FTC staff's
    commitment to this effort."

    https://www.ftc.gov/news-events/press-releases/2021/07/ftc-charges-broadcom-illegal-monopolization-orders-semiconductor

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